Insight Enterprises (NASDAQ:NSIT) Upgraded to Buy at StockNews.com

StockNews.com upgraded shares of Insight Enterprises (NASDAQ:NSIT) from a hold rating to a buy rating in a research report sent to investors on Thursday.

Several other equities analysts have also commented on the company. Barrington Research increased their target price on Insight Enterprises from $211.00 to $225.00 and gave the company an outperform rating in a report on Thursday, May 9th. Stifel Nicolaus lifted their target price on Insight Enterprises from $170.00 to $192.00 and gave the stock a hold rating in a research report on Monday, April 15th. Finally, JPMorgan Chase & Co. lifted their target price on Insight Enterprises from $193.00 to $195.00 and gave the stock a neutral rating in a research report on Friday, May 3rd.

Insight Enterprises Stock Performance

NASDAQ:NSIT opened at $198.36 on Thursday. The firm has a market capitalization of $6.46 billion, a PE ratio of 24.95, a price-to-earnings-growth ratio of 1.53 and a beta of 1.50. The business’s fifty day moving average price is $198.04 and its 200 day moving average price is $188.77. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.27 and a quick ratio of 1.22. Insight Enterprises has a 12 month low of $131.59 and a 12 month high of $212.44.

Insight Enterprises (NASDAQ:NSIT) last posted its earnings results on Thursday, May 2nd. The software maker reported $2.37 EPS for the quarter, beating the consensus estimate of $1.82 by $0.55. The firm had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.30 billion. Insight Enterprises had a return on equity of 21.34% and a net margin of 3.23%. Insight Enterprises’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.78 earnings per share. On average, sell-side analysts anticipate that Insight Enterprises will post 10.78 earnings per share for the current fiscal year.

Insider Transactions at Insight Enterprises

In other news, Director Holdings L.P. Valueact sold 450,000 shares of Insight Enterprises stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $192.49, for a total transaction of $86,620,500.00. Following the sale, the director now owns 4,061,739 shares in the company, valued at $781,844,140.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Adrian P. Gregory sold 2,750 shares of the firm’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $195.83, for a total transaction of $538,532.50. Following the transaction, the insider now owns 3,447 shares of the company’s stock, valued at $675,026.01. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Holdings L.P. Valueact sold 450,000 shares of Insight Enterprises stock in a transaction that occurred on Wednesday, May 29th. The shares were sold at an average price of $192.49, for a total value of $86,620,500.00. Following the completion of the sale, the director now directly owns 4,061,739 shares in the company, valued at approximately $781,844,140.11. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 462,750 shares of company stock worth $89,169,833. Corporate insiders own 1.23% of the company’s stock.

Institutional Investors Weigh In On Insight Enterprises

A number of institutional investors have recently added to or reduced their stakes in NSIT. HighTower Advisors LLC boosted its holdings in Insight Enterprises by 108.9% in the 3rd quarter. HighTower Advisors LLC now owns 4,738 shares of the software maker’s stock valued at $689,000 after purchasing an additional 2,470 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Insight Enterprises by 40.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 37,175 shares of the software maker’s stock worth $5,409,000 after acquiring an additional 10,703 shares in the last quarter. Mariner LLC boosted its stake in shares of Insight Enterprises by 6.9% during the 3rd quarter. Mariner LLC now owns 3,227 shares of the software maker’s stock worth $470,000 after acquiring an additional 207 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of Insight Enterprises by 32.8% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 12,251 shares of the software maker’s stock worth $1,783,000 after acquiring an additional 3,023 shares in the last quarter. Finally, Trexquant Investment LP purchased a new stake in shares of Insight Enterprises during the 3rd quarter worth approximately $358,000.

Insight Enterprises Company Profile

Insight Enterprises, Inc, together with its subsidiaries, provides information technology, hardware, software, and services in the United States and internationally. The company offers modern platforms/infrastructure that manages and supports cloud and data platforms, modern networks, and edge technologies; cybersecurity solutions automates and connects modern platform securely; data and artificial intelligence modernizes data platforms and architectures, and build data analytics and AI solutions; modern workplace and apps; and intelligent edge solutions that gathers and utilizes data for real-time decision making.